Procurement and Sourcing Strategies

Procurement and Sourcing Strategies is comprehensive two-day session designed to train you, as managers and staff, involved in the procurement function. This course will provide you tools and techniques in transforming your buying operations to a more responsive, strategic and value adding function.

Complementary Courses

Managing the Supply Chain

March 16 - 17, 2017

Legal Aspects in Procurement and Contract Management

June 19 - 20, 2017

Objectives

After the course, you will:

1. Define and explain the roles, responsibilities, and authorities of the purchasing function in a business enterprise and its impact to the rest of the organization;

2. Understand purchasing organization, ethics, and its relationship with the law;

3. Develop specifications and Statement of Work;

4. Learn how to identify, select, and evaluate vendors;

5. Recognize cost-price relationships and how prices are determined or set;

6. Identify the different tools for an efficient purchasing function;

7. Know how the purchasing function can contribute to the profitability of an organization;

8. Understand the strategic procurement planning process;

9. Identify the key elements of the strategic sourcing and understand how it can create a competitive advantage for a company;

10. Learn and implement sourcing strategies; and

11. Understand the different procurement and sourcing strategies as well as the tools for its implementation.